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  5. Gennum Acquires Nanotech Semiconductor

M&A Deal Summary

Gennum Acquires Nanotech Semiconductor

On April 6, 2011, Gennum acquired semiconductors company Nanotech Semiconductor from Atlantic Bridge

Acquisition Highlights
  • This is Gennum’s 1st transaction in the Semiconductors sector.
  • This is Gennum’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2011-04-06
Target Nanotech Semiconductor
Sector Semiconductors
Buyer(s) Gennum
Sellers(s) Atlantic Bridge
Deal Type Add-on Acquisition
Advisor(s) Pagemill Partners (Financial)

Target

Nanotech Semiconductor

Bristol, United Kingdom
Nanotech Semiconductor is a fabless chip company, designing and supplying Driver and Receiver ICs for the fiber-optics communications industry. Nanotech Semiconductor was founded in May 2003 by Gary Steele, co-founder and CEO of the UK's first Fabless Chip Company, Acapella Ltd. Gary was also the founder and CEO of Microcosm Communications Ltd., in 1995, the first company to deliver high-speed optical networking components based on pure-CMOS process technology. Microcosm raised $8m in first- and second-round funding in 1998 and 1999, and was acquired in January 2000 by Conexant Systems Inc., for stock. Peak value was approx. $300m.

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Buyer(S) 1

Buyer

Gennum

Burlington, Ontario, Canada
Category Company
Founded 1973
Sector Semiconductors
Employees451
DESCRIPTION

Gennum Corporation designs semiconductor solutions and intellectual property (IP) cores designed to be the world's most advanced consumer connectivity, enterprise, video broadcast and data communications products.

DEAL STATS #
Overall 1 of 1
Sector: Semiconductors M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2011 M&A 1 of 1

Seller(S) 1

SELLER

Atlantic Bridge

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2006
PE ASSETS 1.0B EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Atlantic Bridge is a growth capital firm focused on mid-market technology businesses across Europe, the US, Middle East, and China. Specific areas of interest include machine learning, robotics, computer visioning, cloud, IoT and big data. Atlantic Bridge generally prefers 'domain-specific companies' as well as businesses that can benefit from transatlantic opportunities. Atlantic Bridge was formed in 2006 and is based in Dublin.

DEAL STATS #
Overall 4 of 22
Sector: Semiconductors M&A 4 of 6
Type: Add-on Acquisition M&A Deals 4 of 20
Country: United Kingdom M&A 1 of 2
Year: 2011 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-19 FireComms

Cork, Ireland

Firecomms Limited is a photonics consumer electronics semiconductor company. Its technology exploits advances in III-V compound physics and has led to the creation of the world's first visible vertical cavity lasers (VCSELs) and visible high performance resonant cavity leds (RCLEDs). Firecomms already has significant design wins and customer activity for its products and is well positioned to maintain its lead in the markets in which it operates.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-18 BridgeCo

El Segundo, California, United States

BridgeCo Inc. (BridgeCo), is a provider in networked audio technologies.

Sell $40M
Mergr

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